XAUUSD Technical Analysis 05.12.2023 1h chart
– Previous Daily candle closed strong Bearish around 2029.000 forming Daily Resistance around 2072.200 and leaving a Huge Rejection wick to the upside as price creates new Historical High at 2149.500.
– Buys on close above 2032.500 targeting 4h previous Support formed around 2037.700, Leaving Runners to the 30min previous Support formed around 2045.500.
– Sells on close below 2022.500 targeting 4h Support formed around 2015.200, Leaving Runners to the 4h Support formed around 2009.400.
– High Impact News ahead of the New York session for the US Dollar, ISM Services PMI and JOLTS Job Openings, High Volatility expected.
– Buys on close above 2032.500 targeting 4h previous Support formed around 2037.700, Leaving Runners to the 30min previous Support formed around 2045.500.
– Sells on close below 2022.500 targeting 4h Support formed around 2015.200, Leaving Runners to the 4h Support formed around 2009.400.
– High Impact News ahead of the New York session for the US Dollar, ISM Services PMI and JOLTS Job Openings, High Volatility expected.